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Spdr S&P Oil & Gas Exploration & Production Etf V.XOP.W


Primary Symbol: XOP

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the oil and gas exploration and production segment of a U. In seeking to track the performance of the S&P Oil & Gas Exploration & Production Select Industry Index, the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the oil and gas exploration and production segment of the S&P Total Market Index (S&P TMI).


ARCA:XOP - Post by User

Comment by oilsupporteron Oct 12, 2017 3:01pm
86 Views
Post# 26805976

RE:RE:RE:RE:Just a Question??

RE:RE:RE:RE:Just a Question??No Good40, you said we were not even worth a half cent if we lost Liberia.  And while I admit I am not an industry expert, you misrepresented the history of OPL 226 and the current drilling plan in terms of the resources being targeted and risks of doing so.  From a common sense perspective, I have argued that it would make no sense for anybody to provide debt financing if this was as risky as you make it out to be.  Art has publicly stated debt financing with no dilution.  We will have to see if he was being honest or if you are right in your OPINION.  You are entitled to have one, just don't state your opinions like you are stating FACTS.  You are skewing your posts to put selling pressure on this stock by presenting your opinions like you are summarizing facts.  

My OPINION is we have the debt financing, which is why Art was arrogant enough to do another dilution without warning us it was coming or explaining why he did it, because it is part of the due dilligence for the debt financing that he has arranged.  My opinion is that will be the explanation we get for the dilution when he announces the financing.  And yes it is coming up to Mid-October, but we are at the mercy of how fast the banks complete their due diligence.  When Art promised dates on Liberia, he was fairly close, so my opinion is, he wouldn't have used dates here unless he was fairly certain we could get it done by those dates.  Next week or two will tell.
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